Investing in FinTech in 2022 (7 min read)
Fintech companies have been growing rapidly in recent years. The fintech industry was valued at $110.57 billion in 2020 and is projected to reach $698.48 billion by 2030. Fintech shares have steadily outpaced traditional financial services shares since 2018 and were proven to recover much faster after market downturns. It is becoming more relevant in everyday lives through banking services, investment apps, and payment processing services. Digital payment services currently account for the largest portion of the global fintech revenue. If you are looking to invest in this industry through stocks, some of the top companies are Visa (V), Mastercard (MA), Intuit (INTU), and Paypal (PYPL). For exposures through ETFs, the Ark Fintech Innovation ETF and the Global X Fintech ETF are two of the most well known in this space. A complete list of fintech stocks and ETFs, and the breakdown of this industry are available in the article.